The Tasmanian Property May 2007 Statistical Local Area Review www.reit.com.au Unauthorised reproduction of any part of this report prohibited s moving annual median sale price for houses rose from last month to $295,250, an increase of 7.4% from May last year. House sales increased 4.1% from the same time last year, to 230. The moving annual median sale price for units/flats/townhouses in increased by 12.0% to $232,250 from May 2006 to May 2007. Over that same time period, the number of units/flats/townhouses sold increased 10.8% to 72 sales. The moving annual median sale price for land rose 9.5% for the year - to $109,795 - with land sales falling 40.7% to 32 over the same period. s moving annual median sale price for houses rose by 7.3% to $234,375 from May 2006 to May 2007. Over the year, house sales decreased 2.1% to 95. There was an increase of 4.5% in the moving annual median sale price for units/flats/townhouses in over the year to $192,438, with sales volume rising 8.3% from May 2006. Over that same period, the moving annual median sale price for land in decreased by 5.0% to $95,729, with total land sales rising 21.4% from the same time last year. North-West moving annual median sale prices for houses improved in Burnie (7.5%), Ulverstone (25.4%) and Devonport (3.2%) over the year. Compared with May 2006, the monthly median was up in Ulverstone (10.0%), Devonport (1.4%), but down in Burnie (-11.8%). volume of houses compared to the same time last year were up in Burnie (46.7%) and Ulverstone (7.1%), but down in Devonport (-12.0%). The moving annual median sale price for land was up in Burnie (12.0%) and down in Ulverstone (-2.4%) and Devonport (-0.2%) from May 2006. Land sales were up in Burnie (33.3%) and Devonport (400.0%), whilst down in Ulverstone from the same time last year. Rental : Vacancy rates rose across the State in May 2007 (2.3% state-wide). From last month, and decreased 0.2%, and the North West Centres decreased 0.1%. Median rental price per week for two bedroom units in rose $25 to $225 per week, while three bedroom house rental prices dropped $5 to $265 per week. s median rental prices per week for two bedroom units rose $5 last month to $170, with 3 bedroom houses rising $7 to $230. In the North West, rentals rose $5 to $135 for units, and remained steady at $190 for houses. City Monthly Median $ 000 Monthly and Moving Annual Median Prices: May 2007 (Residential Houses) Annual % Change in Median Monthly % Change in Median Moving Annual Median $ 000 Annual % Change in Moving Annual Median Vacancy Rate (%) Monthly % Change in Vacancy Rate 315000 14.5 2.8 295250 7.4 2.3-0.2 250000 11.1-0.6 234375 7.3 1.8-0.2 Burnie 194000-11.8-1.8 179604 7.5 2.8-0.1 Ulverstone 247500 10.0-1.0 249917 25.4 2.8-0.1 Devonport 216500 1.4 8.3 201333 3.2 2.8-0.1 * The Vacancy Rate for the areas of Burnie, Ulverstone, and Devonport are calculated by combining information from all three areas. Note:,, and the North-West figures on this page refer to the statistical local areas as defined on page 11. 1
Facts The REIT would like to thank the following agencies listed below in contributing to the Facts Reports. Please note that the agencies have been listed by location only and sell outside of the areas listed. HOBART City Battery Point & Heritage Real Estate, Blu edge Property, Charlotte Peterswald for Property, Corkhill & Associates, Denman Freeman Real Estate, Edwards Windsor Real Estate, Elders Brown & Banks, Fall & Associates, Fruit Property, George Self Property, Knight Frank, LJ Hooker, LJ Hooker Sandy Bay, Nest Property, Peterswalds Partners, Petrusma & Partners Sandy Bay, Raine & Horne, Ray White, Ricky Courtney Real Estate, Roberts, Roberts Sandy Bay, Salamanca Realty, White House Realty Kingston Huon Valley Elders Southern Town & Country, Elders Southern Town & Country Kingston, LJ Hooker Huon Valley, LJ Hooker Kingston, LJ Hooker Margate, Metro Realty, Petrusma & Partners Huonville, Petrusma & Partners Kingston, Raine & Horne Kingston, Roberts Kingston, Tasmanian Private Realty, Tasmanian Private Realty Kingston Northern Suburbs Elders Southern Midlands, LJ Hooker Glenorchy, McGregor First National, North Shore Realty, Petrusma & Partners Northern Suburbs, PRD Nationwide Realty, Roberts Brighton & Country, Roberts Glenorchy, Whites Real Estate Professionals Eastern Shore Eastern Shore First National, Fall & Associates, LJ Hooker Bellerive, Macquarie Real Estate Eastern Shore, Petrusma & Partners Howrah, Petrusma & Partners Lindisfarne, PMM Real Estate, PRD Nationwide Eastern Shore, Raine & Horne Eastern Shore, Roberts Eastern Shore, Roberts Southern Beaches, Sunny Real Estate Midway Point Sorell Richmond Petrusma & Partners Sorell, Professionals Sorell, Raine & Horne Sorell, Roberts Sorell, South East First National, Sunny Real Estate Midway Point, Wellington Auctioneers LAUNCESTON 41 Degrees Real Estate, Bushby First National, Deloraine First National, Elders, Harcourts, Harcourts Midlands, Harcourts North East, Harcourts Northern Midlands, Harcourts Tamar, Property Solutions, LJ Hooker Deloraine, LJ Hooker, North East First National, Northern Professionals Real Estate, Peter Bushby Real Estate, PRD Nationwide, Raine & Horne, Ray White, Resort Brokers, Richardson & Wrench, Roberts Central Highlands, Roberts Deloraine, Roberts, Roberts Regional North, Roberts Scottsdale, Roberts Tamar Valley, Roberts Tas Rural, Statewide Real Estate, Towns Shearing Real Estate, Weedon Real Estate, Woolcock Partners East Coast LJ Hooker Bicheno, LJ Hooker St Helens, Roberts St Helens NORTH WEST Burnie Burnie First National, City & Rural First National, Elders Burnie, Emu Bay Real Estate, Roberts Burnie Penguin Ulverstone Action Realty, Bloomfield First National, Elders VJ Woodhouse Real Estate Ulverstone and Penguin, Roberts Ulverstone Shearwater Devonport Best Properties, Collins Realty, Day & Halliwell First National, John Ackroyd Real Estate, Harcourts Devonport & Shearwater, LJ Hooker Devonport, LJ Hooker Shearwater, Raine & Horne Devonport, Roberts Devonport, Roberts Shearwater, Sushames Real Estate Wynyard Smithton D & L Poke Real Estate, Elders Real Estate Smithton, PRD Nationwide Trevor Spinks, Roberts Wynyard 2
Statistical Local Area (SLA) Overview for Tasmania Houses Flats Units Town Houses Land Moving Annual Median 295250 229113 222042 337542 109795 Monthly Median 315000 226000 246250 477500 110000 Price Range 73000-1025000 129000-780000 105000-570000 250000-930000 65000-750000 Number of 230 9 54 9 32 Houses Flats Units Town Houses Land Moving Annual Median 234375 35708 177647 341438 95729 Monthly Median 250000-176750 311250 93000 Price Range 39231-615000 - 130000-337500 185000-685000 57000-160000 Number of 95-18 8 17 North West Burnie Houses Units/Flats Land Moving Annual Median 179604 126208 68406 Monthly Median 194000 161000 120000 Price Range 117000-515000 127000-213000 67000-139000 Number of 22 4 4 Ulverstone Houses Units/Flats Land Moving Annual Median 249917 171615 70000 Monthly Median 247500 204000 - Price Range 150000-358000 158000-250000 - Number of 15 2 - Devonport Houses Units/Flats Land Moving Annual Median 201333 179958 81167 Monthly Median 216500 210000 80000 Price Range 109000-1295000 102500-294000 57000-131500 Number of 22 7 5 Monthly Quartile Figures (Houses) Monthly Quartile Figures Burnie Ulverstone Devonport Median 315000 250000 194000 247500 216500 Lower Quartile 250000 207500 157375 184500 170875 Upper Quartile 384500 310000 256250 288500 267500 Number of Enquiries Enquiries South North North West More 36.0 % 62.5 % 37.5 % Same 44.0 % 12.5 % 37.5 % Less 20.0 % 20.0 % 25.0 % Number of Listings Listings South North North West More 40.0 % 11.1 % 25.0 % Same 32.0 % 11.1 % 62.5 % Less 28.0 % 77.8 % 12.5 % 3
Residential House Prices - May 2007 Median List $ Median Sell $ Area 1 30 335000 320375 0.1 10.5 22 Area 2 55 240000 230000 2.2 4.9 53 Area 3a 57 335000 345000 1.5 6.2 55 Area 3b 17 210000 179000-19.0 5.3 30 Area 4 18 354250 335000-4.3-6.6 23 Area 5a 13 372500 360000-0.7 15.2 26 Area 5b 15 249900 242000-0.2 3.2 42 Area 6 25 500000 490000 2.1-8.4 42 Area 7 31 269000 270000-45.9 51 Area 8 21 250000 233500-4.7 13.9 72 Median List $ Median Sell $ Area 1 16 335000 310000 10.5 14.8 66 Area 2 29 187500 175000-7.3 2.9 41 Area 3 19 289500 270000-5.8 6.1 66 Area 4 26 280000 261500-0.2 4.6 58 Area 5 5 280000 257000 4.4-4.8 84 Area 6 8 257500 237500 1.1 13.6 111 Area 7 5 236650 236650 7.6-3.4 17 Area 8 8 265000 261250-3.2-5.0 46 Area 9 6 297000 291000-33.6-30.7 57 Area 10 14 280000 279500 4.3 7.5 56 Median List $ Median Sell $ Burnie 22 198500 194000-1.8-11.8 24 Ulverstone 15 267500 247500-1.0 10.0 62 Devonport 22 219000 216500 8.3 1.4 44 Circular Head 5 153500 160000-23.8 15.9 58 Railton/Sheffield 5 230000 205000 25.0-7.7 56 Latrobe 8 332000 301500 36.4 40.2 108 Penguin/Forth 2 225000 217500 13.3 9.0 248 Wynyard/Waratah 6 197500 188500-3.3 34.6 44 West Coast 6 102250 99500 24.4 27.6 80 Residential House Median Price 600000 500000 400000 Median $ 300000 200000 100000 0 South 1 South 2 South 3a South 3b South 4 South 5a South 5b South 6 South 7 South 8 North 1 North 2 North 3 North 4 North 5 North 6 Area North 7 North 8 North 9 North 10 Burnie Ulverstone Devonport Circular Head Railton Latrobe Penguin Wynyard West Coast 4
Residential Unit/Flat/Townhouse Prices - May 2007 Median List $ Median Sell $ Area 1 7 248000 242000 5.2 5.6 21 Area 2 17 207000 192000 1.1 24.3 42 Area 3a 11 315000 315000 25.5 26.0 80 Area 3b - - - - - - Area 4 12 490000 481250 50.4 63.1 61 Area 5a 6 249500 247000 16.8 121.5 30 Area 5b 5 257000 185000 15.6-11.9 40 Area 6 14 280000 258750-27.4-13.8 22 Area 7 1 145000 138000-31.0-231 Area 8 4 169000 178500-9.2 8.2 140 Median List $ Median Sell $ Year Area 1 4 245000 245000-12.4-7.5 40 Area 2 8 139000 142000-13.9-13.9 94 Area 3 4 265000 260000 3.5 91.2 10 Area 4 4 242250 239000 22.6 34.3 70 Area 5 6 310000 293750 50.6 24.3 78 Area 6 1 185000 178000 74.5 131.2 136 Area 7 1 135000 145000 16.0 11.5 202 Area 8 - - - - - - Area 9 - - - - - - Area 10 2 200000 193000-33.4-5.9 26 Median List $ Median Sell $ Burnie 4 166000 161000 0.6 7.0 34 Ulverstone 2 204500 204000 32.2 10.3 125 Devonport 7 215000 210000 20.0 1.0 66 Circular Head - - - - - - Railton/Sheffield - - - - - - Latrobe 1 139000 124000-32.8-36.1 338 Penguin/Forth - - - - - - Wynyard/Waratah - - - - - - West Coast 1 120000 116000 - - 111 Residential Unit/Flat/Townhouse Median Price Median $ 600000 500000 400000 300000 200000 100000 0 South 1 South 2 South 3a South 3b South 4 South 5a South 5b South 6 South 7 South 8 North 1 North 2 North 3 North 4 North 5 North 6 North 7 Area North 8 North 9 North 10 Burnie Ulverstone Devonport Circular Head Railton Latrobe Penguin Wynyard West Coast 5
Residential Land Prices - May 2007 Median List $ Median Sell $ Area 1 7 110000 110000-13.9-6.8 71 Area 2 8 96000 95000-27.5 200 Area 3a 11 169500 162400-5.9-9.8 58 Area 3b 3 93000 93000 0.5 30.5 - Area 4 1 840000 750000 294.7 158.6 23 Area 5a - - - - - - Area 5b - - - - - - Area 6 2 130000 112500-22.9-21.1 596 Area 7 24 115000 108750 35.9-11.2 160 Area 8 11 77000 75000-11.8 44.2 196 Median List $ Median Sell $ Area 1 3 95000 87000-26.0-509 Area 2 5 89000 84000 10.5-2.3 23 Area 3 - - - - - - Area 4 9 96500 100000 16.2 3.1 97 Area 5 - - - - - - Area 6 5 65000 60000-14.3 20.0 569 Area 7 2 102500 100500 286.5 136.5 388 Area 8 - - - - - - Area 9 1 45000 41000 90.7-65.8 84 Area 10 2 77500 76500 - - 90 Median List $ Median Sell $ Burnie 4 135000 120000 150.0 84.6 58 Ulverstone - - - - - - Devonport 5 111000 80000-3.0 23.1 622 Circular Head - - - - - - Railton/Sheffield - - - - - - Latrobe 9 69900 62000-15.9-11.1 116 Penguin/Forth - - - - - - Wynyard/Waratah 3 138000 67500 15.4 53.4 423 West Coast 3-13000 -84.1 - - Residential Land Median Price 180000 160000 140000 120000 Median 100000 80000 60000 40000 20000 0 South 1 South 2 South 3a South 3b South 4 South 5a South 5b South 6 South 7 South 8 North 1 North 2 North 3 North 4 North 5 North 6 Area North 7 North 8 North 9 North 10 Burnie Ulverstone Devonport Circular Head Railton Latrobe Penguin Wynyard West Coast 6
Price $000 Price $000 Price Distribution For House Price SLA per Price Bracket 7 per Price Bracket per Price Bracket <70-2 - 70-79 1 - - 80-89 - - - 90-99 - 1-100-109 - - 1 110-119 - 1 1 120-129 3-1 130-139 3 7 1 140-149 8 2 1 150-159 - - 8 160-169 2 2 2 170-179 1 5 7 180-189 2 1 2 190-199 3 1 2 200-249 33 23 13 250-299 45 23 10 300-399 76 17 5 400-499 24 6 2 500+ 29 4 3 Price $000 Price Distribution For Unit/Flat/Townhouse SLA per Price Bracket per Price Bracket per Price Bracket <60 - - - 60-69 - - - 70-79 - - - 80-89 - - - 90-99 - - - 100-109 1-1 110-119 - - - 120-129 1-2 130-139 - 3-140-149 4 2-150-199 13 8 4 200-249 14 3 2 250+ 39 10 4 per Price Bracket Price Distribution For Land SLA YTD* per Price Bracket YTD* per Price Bracket <30-1 - - - 1 30-44 - 1 - - - 4 45-59 - 4 1 1 1 10 60-74 1 13-3 1 15 75-99 9 53 9 34 2 10 100+ 22 131 7 31 5 13 *Year to Date YTD*
Area Buyer Profile House BUYER TYPE (%) First Home Buyer 2+ Home Buyer Developer Investor Retiree No Answer HOBART Area 1 23.3 63.3-13.3 - - Area 2 10.9 56.4-30.9-1.8 Area 3a 19.3 71.9 1.8 7.0 - - Area 3b 23.5 29.4-41.2-5.9 Area 4 16.7 55.6-22.2-5.6 Area 5a 7.7 76.9 - - 7.7 7.7 Area 5b 33.3 33.3 6.7 20.0 6.7 - Area 6 8.0 80.0-4.0-8.0 Area 7 16.1 51.6-19.4 12.9 - Area 8 23.8 47.6-28.6 - - - SLA 17.0 61.3 0.9 17.4 0.9 2.6 - ALL 17.4 59.2 0.7 18.4 2.1 2.1 LAUNCESTON Area 1 12.5 81.3-6.3 - - Area 2 17.2 31.0 3.4 31.0-17.2 Area 3 10.5 36.8 5.3 31.6 10.5 5.3 Area 4 23.1 57.7 - - 3.8 15.4 Area 5 - - - 100.0 - - Area 6-12.5-75.0 12.5 - Area 7 40.0 60.0 - - - - Area 8-50.0-25.0 12.5 12.5 Area 9-100.0 - - - - Area 10 7.1 42.9-21.4 7.1 21.4 SLA 15.8 46.3 2.1 22.1 3.2 10.5 ALL 13.2 47.1 1.5 23.5 4.4 10.3 NORTH WEST COAST Burnie 13.6 59.1-27.3 - - Ulverstone 6.7 20.0 6.7 13.3 13.3 40.0 Devonport 4.5 54.5 4.5 36.4 - - Circular Head 62.5-37.5 - - - Railton/Sheffield - 60.0-20.0 20.0 - Latrobe 12.5 75.0-12.5 - - Penguin/Forth 33.3 33.3-33.3 - - Wynyard/Waratah 16.7 33.3-33.3-16.7 West Coast 50.0 50.0 - - - - - SLA 8.5 47.5 3.4 27.1 3.4 10.2 - ALL 12.1 50.5 2.2 24.2 3.3 7.7 State-Wide SLA 15.4 55.5 1.6 20.1 1.8 5.7 State-Wide ALL 17.5 47.9 1.3 23.8 3.4 6.1 State-Wide House Buyer Profile Statistical Local Area State-Wide House Buyer Profile All Areas First Home Buyer 2+ Home Buyer Developer Investor Retiree No Answer First Home Buyer 2+ Home Buyer Developer Investor Retiree No Answer 8
Area Buyer Location - House - Vendor Paid Advertising BUYER TYPE (%) Local Suburb or Town Same City Intrastate Interstate & Overseas No Answer No Yes No Answer HOBART Area 1 56.7 30.0 3.3 10.0-30.0 70.0 - Area 2 38.2 43.6 1.8 14.5 1.8 5.5 90.9 3.6 Area 3a 56.1 28.1 5.3 7.0 3.5 22.2 77.8 - Area 3b 35.3 47.1 5.9 5.9 5.9 17.6 82.4 - Area 4 22.2 50.0 5.6 16.7 5.6 16.7 77.8 5.6 Area 5a 23.1 53.8-15.4 7.7 23.1 76.9 - Area 5b 40.0 40.0 6.7 13.3-6.7 93.3 - Area 6 32.0 28.0 8.0 24.0 8.0 16.0 80.0 4.0 Area 7 41.9 6.5 9.7 41.9-16.1 77.4 6.5 Area 8 61.9 19.0 4.8 14.3-9.5 90.5 - SLA 42.2 37.4 4.3 12.6 3.5 16.0 82.0 2.0 ALL 43.6 32.6 5.0 16.0 2.8 15.5 82.1 2.4 LAUNCESTON Area 1 43.8 25.0 25.0 6.3 - - 100.0 - Area 2 31.0 13.8 17.2 20.7 17.2 17.2 65.5 17.2 Area 3 42.1 31.6 5.3 21.1-10.5 89.5 - Area 4 53.8 15.4 15.4-15.4 19.2 69.2 11.5 Area 5 60.0 20.0-20.0 - - 100.0 - Area 6 - - 12.5 87.5-25.0 75.0 - Area 7 20.0-40.0 40.0-80.0 20.0 - Area 8 37.5-37.5 12.5 12.5 12.5 75.0 12.5 Area 9 66.7 16.7 16.7 - - - 83.3 16.7 Area 10 28.6 7.1 14.3 28.6 21.4 7.1 71.4 21.4 SLA 43.2 20.0 14.7 12.6 9.5 12.6 78.9 8.4 ALL 39.0 15.4 16.9 19.1 9.6 14.7 75.7 9.6 NORTH WEST COAST Burnie 54.5 - - 22.7 22.7 31.8 40.9 27.3 Ulverstone 46.7-6.7 6.7 40.0 40.0 60.0 - Devonport 36.4 18.2 13.6 31.8-27.3 72.7 - Circular Head 62.5-37.5 - - 20.0 80.0 - Railton/Sheffield 40.0 - - 60.0-20.0 80.0 - Latrobe 37.5-37.5 25.0-12.5 87.5 - Penguin/Forth 66.7-33.3 - - 16.7 83.3 - Wynyard/Waratah 16.7 16.7 - - 66.7 66.7-33.3 West Coast 50.0 - - 50.0-50.0 50.0 - - SLA 45.8 6.8 6.8 22.0 18.6 32.2 57.6 10.2 - ALL 45.7 5.3 12.8 20.2 16.0 30.8 60.4 8.8 State-Wide - SLA 43.0 28.4 7.3 14.1 7.3 17.8 77.1 5.1 State-Wide - ALL 42.8 23.0 9.6 17.6 7.0 18.2 76.2 5.6 State-Wide House Buyer Profile Statistical Local Area Vendor Paid Advertising Statistical Local Area Local Suburb or Town Same City Intrastate Interstate & Overseas No Answer No Yes No Answer 9
% Multiple Listing Service Sold Before Auction Method of Sale Sold After Auction Houses Auction Conjunctional Sole Agency Open Listing Tender - 2.2 1.3 0.9-95.2 0.4 - - 1.1 3.2 2.1 1.1 92.6 - - North West - - 1.7 - - 94.9 3.4 - State-wide - 1.6 1.8 1.0 0.3 94.5 0.8 - % Multiple Listing Service Sold Before Auction Sold After Auction Units / Townhouses / Flats Auction Conjunctional Sole Agency Open Listing Tender - - 1.4-1.4 95.7 1.4 - - - - - 4.0 96.0 - - North West - - - - - 92.3 7.7 - State-wide - - 0.9-0.9 96.3 1.9 - % Multiple Listing Service Sold Before Auction Sold After Auction Land Auction Conjunctional Sole Agency Open Listing Tender - - - - 12.5 87.5 - - - - - - - 100.0 - - North West - - - - - 100.0 - - State-wide - - - - 6.9 93.1 - - Rental Vacancy Rate % Month Year 2.3-0.2 0.1 1.8-0.2-0.4 2.8 0.1-0.6 Time To Let <1 week 1-2 weeks >2 weeks 13.0 % 63.0 % 24.0 % 18.2 % 72.7 % 9.1 % 19.2 % 53.9 % 26.9 % Property Type Median Rent Levels (SLA): : : North West Coast: Median: Range: Median: Range: Median: Range: 1 brm unit 165 125-280 125 79-300 108 60-155 2 brm unit 225 125-550 170 100-260 145 110-195 3 brm unit 373 140-650 238 195-375 160 160 only 2 brm house 288 140-500 180 140-220 175 140-210 3 brm house 265 160-390 230 155-300 190 125-270 4 brm house 320 260-480 305 220-380 250 140-530 10
Suburb Median Rent Number Rented Rent Levels By Area: Number of Bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Area 1 265 53-24 26 3 Area 2 230 30 1 7 19 3 Area 3a 250 45 3 19 17 6 Area 3b 210 9 - - 9 - Area 4 285 29 4 13 11 1 Area 5a 205 14 6 2 3 3 Area 5b 175 8 3 2 2 1 Area 6 300 45 6 27 12 - Area 7 208 12-4 6 2 Area 8 190 18 2 2 12 2 Suburb Median Rent Number Rented Number of Bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Area 1 235 16-2 9 5 Area 2 175 57 12 25 20 - Area 3 160 11 2 7 2 - Area 4 195 37 4 20 9 4 Area 5 200 19 6 6 6 1 Area 6 163 2-2 - - Area 7 - - - - - - Area 8 170 13 2 4 5 2 Area 9 190 4 - - 4 - Area 10 185 5-1 3 1 Suburb Median Rent Number Rented Number of Bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Burnie 135 13 6-5 2 Ulverstone 175 12-3 9 - Devonport 190 73 3 25 38 7 Circular Head 160 8 2 2-4 Railton / Sheffield 138 2 1-1 4 Latrobe 175 7-3 4 - Penguin / Forth 158 2 1-1 - Wynyard / Waratah 150 4-1 2 1 West Coast - - - - - - Survey Coverage : 62 Agents submitted returns for May 2007. The sales report for all areas is based on 282 house sales, 77 unit/flat/townhouse sales and 64 land sales. The sales report covering the statistical local area (SLA) is based on 230 house sales, 72 unit/flat/townhouse sales and 32 land sales. An aggregate rent roll of 6901 properties provided the data for the rental report. : 24 Agents submitted returns for May 2007. The sales report for all areas is based on 136 house sales, 30 unit/flat/townhouse sales and 27 land sales. The sales report covering the statistical local area (SLA) is based on 95 house sales, 26 unit/flat/townhouse sales and 17 land sales. An aggregate rent roll of 3032 reported properties provided the data for the rental report. : 24 Agents submitted returns for May 2007. The sales report for all areas is based on 91 house sales, 15 unit/flat/townhouse sales and 24 land sales. The sales report covering the statistical local area (SLA) is based on 59 house sales, 13 unit/flat/townhouse sales and 9 land sales. An aggregate rent roll of 2455 properties provided the data for the rental report. 11
List of Suburbs Included in Each Area: : Area 1 (SLA) Kingston, Blackmans Bay, Huntingfield, Browns River, Firthside, Bonnet Hill, Fern Tree, Margate Area 2 (SLA) Glenorchy, Derwent Park, Goodwood, Montrose, Rosetta, Berriedale, Chigwell, Claremont, Austins Ferry, Bridgewater, Gagebrook, Springfield, Florence Heights, Dowsings Point, Old Beach, Compton Downs Area 3a (SLA) Geilston Bay, Lindisfarne, Rose Bay, Rosny, Bellerive, Howrah, Tranmere, Otago Bay, Acton, Lauderdale, Seven Mile Beach, Montagu Bay Area 3b (SLA) Risdon Vale, Warrane, Clarendon Vale, Oakdowns, Rokeby, Mornington Area 4 (SLA) City, West, North, South, Glebe, Cascades, Mt Stuart, Area 5a (SLA) New Town, Lenah Valley Area 5b (SLA) Moonah, Lutana, East Risdon Area 6 (SLA) Battery Point, Sandy Bay, Taroona, Mt Nelson, Dynnyrne, Tolman's Hill Area 7 Cygnet, Dover, Geeveston, Huonville Area 8 Dodges Ferry, Dunalley, Lewisham, Midway Point, Sorell : Area 1 (SLA) Riverside, Trevallyn, Stephensdale Area 2 (SLA) Newnham, Mowbray, Vermont, InverMay, Ravenswood, Waverley, St Leonards, Inveresk, Rocherlea, Mayfield, Alanvale Area 3 (SLA) Newstead, Norwood, East, Punchbowl, Elphin, Richings, Queechy Area 4 (SLA) Kings Meadows, South, West, Youngtown, Prospect, Summerhill, Sandhill, Travellers Rest/Retreat, Glen Dhu, Blackstone Heights Area 5 (SLA) City, Glebe Area 6 Fingal, St Helens, St Marys, Scamander Area 7 Branxholm, Bridport, Derby, Scottsdale, Winnaleah Area 8 Carrick, Deloraine, Hagley, Hadspen, Mole Creek, Westbury Area 9 Beaconsfield, Beauty Point, Exeter, Legana Area 10 Avoca, Campbell Town, Cressy, Evandale, Liffey, Longford, Perth North West: Burnie (SLA) Acton, Brooklyn, Burnie, Camdale, Cooee, Downlands, Emu Heights, Havenview, Hillcrest, Malonga Park, Marylands, Montello, Ocean Vista, Parklands, Romaine, Shorewell, Terrylands, Uplands, West Park Grove, Wivenhoe Devonport (SLA) Ambleside, Devonport, Don, Miandetta, Quoiba, Spreyton Ulverstone (SLA) Ulverstone, Turners Beach Circular Head Marrawah, Smithton, Stanley Railton/Sheffield Railton, Sheffield, Cradle Mountain Latrobe Hawley Beach, Latrobe, Port Sorell, Shearwater Penguin/Forth Penguin, Forth Wynyard/Waratah Wynyard, Waratah, Somerset, Savage River West Coast Queenstown, Rosebery, Strahan, Zeehan Statistical Local Area (SLA): The residential sales and rental data which has been indicated as being an (SLA) is based on the same geographical classifications structures as defined and used by the Australian Bureau of Statistics. These areas are how, and the North West are defined and are indicated on the above table. New areas have been added to this report for each region, but these do not affect the SLA s that are reported each month, and reported previously. For example: the median for this report consists of areas 1 to 6, is areas 1 to 5, and the North West consists of Burnie, Devonport and Ulverstone. TASMANIAN PROPERTY MARKET is a summary of survey data from sources believed to be reliable but is not guaranteed in any way. While REIT has full confidence in Tasmanian Facts, no warranty, no guarantee, or holding out, either expressed or implied is given and persons or companies who pursue financial investment or otherwise who act on the basis of this data do so at their own risk. Subscription enquiries: research@reit.com.au Copyright 2007 Real Estate Institute of Tasmania 12